meaning
This chart shows the percentage of circulating supply that has traded within the last 6 months and the percentage of circulating supply that has been dormant for more than 6 months.
- Long-term holders who have not traded for at least 5-6 months Much less likely to be spent on any given day.
- Short-term holders who have traded within the last 5-6 months
Most likely spent on a specific day.
quick take
- Looking at Bitcoin’s young and old circulating supply, the biggest divergence is currently underway.
- The old supply now accounts for 78% of the circulating supply, a record high.
- Young supply accounts for 22% of circulating supply, an all-time low.
- This kind of divergence usually occurs during a deep bear market.
The post showing the biggest disparity between young and old Bitcoin supply first appeared on CryptoSlate.
